💪Strengthening Relationships with Subcontractors for Better Contract Terms💪 In the Q&A section of our recent webinar, we tackled a crucial question: "How can we strengthen relationships with subcontractors to achieve better contract terms?" 🔍 The discussion emphasised the importance of sharing and owning risk rather than passing it all to subcontractors. Here are some key insights: 🤝 It's essential to share and own risks collaboratively. Main contractors should evaluate whether they are the right entity to handle all the risks or if they should be shared more equitably with subcontractors. 📄 Sending out draft terms with the original tender is a proactive step. This allows subcontractors to review and provide feedback early, leading to open and collaborative negotiations rather than last-minute crunch time agreements. ❗ Being transparent about contract terms from the beginning fosters trust and cooperation. Subcontractors are increasingly pushing back on unreasonable terms, which is a positive trend for building stronger, more balanced relationships. 🚀 By adopting these practices, main contractors can forge stronger partnerships with subcontractors, leading to better contract terms and more successful projects. Missed the webinar? 🔗 You can still watch it in full here: https://lnkd.in/eXnPTY7R #ConstructionWebinar #maincontractor #subcontractor #ContractManagement #C_Link
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Changing the construction industry for the better through story collection & data | Male Ally | Apprentice Supporter
#15 Understanding The Influence of Contracts Ask your PM how your project is contracting and incentivising (head contract + subcontractors) ie fixed price, unit rate, cost+ etc Then next time you encounter inefficiencies on site eg a subcontractor doesn’t want to work on an available workfront you want them to —> Refer to contracting model above. It’s important for everyone on a project to understanding that ‘best for project’ outcomes will be misaligned by different motivations driven from contracts. Understanding this will potentially lead people to being less frustrated (less stress) by knowing the reality of the situation. But also on the next project potentially pressing for alternative forms of contracting that can better align to ‘best for project’ outcomes. This tip is about reducing frustration by increasing understanding and perspective, and potentially decrease the broader industry dependence on fixed priced contracting (up and down the chain).
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Building Strong Partnerships: Effective Communication in Contractor Rate Negotiations Building strong relationships with contractors is key to any successful project. But when it comes to rate negotiations, maintaining a positive and collaborative environment can feel challenging. Here are some insights on navigating these discussions effectively: #contractormanagement #communication #negotiation #construction #business What are your best practices for maintaining positive relationships during contract negotiations? Share your thoughts in the comments!
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Construction Contracts Expert & QS | Helping Subcontractors / Specialists to Resolve & Avoid Disputes and to Make More Money | Resolving Your Payment Disputes | Levelling the Playing Field for Subcontractors
🛠️ Most people think subcontracting is just about technical expertise, but actually, commercial insight is crucial. Here’s why… One of the advantages we bring to our subcontractor clients is our extensive experience working on the main contractor's side. When we join a subcontractor's team, we bring insights into how main contractors think, their motives, priorities, and strategies for contract terms, account management, payment notices, and more. It's crucial for subcontractors to have this knowledge as part of their team to level the playing field. Understanding the tactics used by main contractors allows subcontractors to anticipate challenges, negotiate better terms, and gain a commercial advantage. Having this expertise within your team is invaluable. It’s about being prepared, informed, and strategically positioned to succeed. 🏗️💼 #ConstructionManagement #Subcontracting #IndustryInsight #CommercialAdvantage #StrategicSuccess
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Nailing contract negotiations is all about preparation and clear communication… Here are 10 tips for contractors on negotiations 👀 ⬇️ We are djr 🔵⚪ #contract #techcontract #contractors
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📢 IMPORTANT UPDATE: RESCHEDULED DATES! 📆 Now commencing on Monday, February 5th! Ignite your 2024 with in-depth insights into NEC, JBCC, FIDIC, and GCC Contracts. Secure your spot for these rescheduled dates and dive into valuable knowledge! Details here: https://lnkd.in/gMwnxxAX ⬇ #ContractCourses #KnowledgeBoost Master construction and engineering contracts with precision! Gain insights into employer's representative roles, instruction dissemination, program adjustments, and dispute resolution strategies. Understand FIDIC, NEC, JBCC, and GCC contracts, essential in global projects. This course equips you for effective contract administration, crucial for dispute avoidance. Elevate your industry expertise and triumph worldwide #ConstructionContracts #Engineering #ContractManagement #ContractTraining #IndustryKnowledge #ProfessionalDevelopment
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📢 IMPORTANT UPDATE: RESCHEDULED DATES! 📆 Now commencing on Monday, February 5th! Ignite your 2024 with in-depth insights into NEC, JBCC, FIDIC, and GCC Contracts. Secure your spot for these rescheduled dates and dive into valuable knowledge! Details here: https://lnkd.in/gMwnxxAX ⬇ #ContractCourses #KnowledgeBoost Master construction and engineering contracts with precision! Gain insights into employer's representative roles, instruction dissemination, program adjustments, and dispute resolution strategies. Understand FIDIC, NEC, JBCC, and GCC contracts, essential in global projects. This course equips you for effective contract administration, crucial for dispute avoidance. Elevate your industry expertise and triumph worldwide #ConstructionContracts #Engineering #ContractManagement #ContractTraining #IndustryKnowledge #ProfessionalDevelopment
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Don't miss our first of two upcoming webinars on Proven Tips to Avoid Subcontract Disputes! 🛠️ Join us on Tuesday, October 22nd, 2024, at 2:00 p.m. - 3:15 p.m. EDT to gain critical insights into key risk allocation clauses and essential subcontracting practices. Register here➡ https://lnkd.in/eFudD9de Key Takeaways: - Learn the importance of consistent subcontract flow-down provisions - Discover how to avoid project pitfalls with proper subcontract administration - Understand the impact of minor subcontract wording changes on risk and flow-down rights and obligations Speakers Brian Perlberg, Esq., CM-Lean of ConsensusDocs and Associated General Contractors of America Neal J. Sweeney of Jones Walker LLP #Construction #Subcontracting #Webinar #ProjectManagement #RiskManagement
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First-adoption of NEC contracts significantly impacts contractual processes by simplifying and automating many tasks. Pre-built templates, automated clause reference numbers, and autogenerated communications for compensation events reduce human error and streamline workflows. This helps reduce contractual risk, saving time, money, and stress for both parties involved. Matthew Leach summarises this perfectly here! 💡
European Leaders in Construction Technology 🏗️ - Providing Integrated, Digital Solutions For The Full Asset Lifecycle - Because Project Managers Should Be Crushing Deadlines, Not Spreadsheets!
I've definitely learnt from professionals in the industry, that the foundation of first-adoption to a new contract type is 𝗠𝗜𝗡𝗗𝗦𝗘𝗧 🧠 I've heard how this hasn't gone so well - usually where one of two parties isn't necessarily 'on board', or pulling their weight when it comes to this... If the requirements around the contract aren't followed, but nothing bad has happened 𝒚𝒆𝒕, then we're really just delaying the inevitable... But I've also seen examples of clients and contractors doing an awesome job of it first time. 💡 I don't want to preach TP CONTRACTS (CEMAR) to the heavens, but it's usually the case that that helping hand SIGNIFICANTLY helps first-time NECers and the likes. That initial step is made A LOT simpler and A LOT less stressful for both parties... 1. Imagine moving to a new contract type, and all of the templates for the contractual communications, are pre-built and automatically populated... 2. Imagine all of the clause reference numbers are automated on those contractual communications - erasing any human error... 3. Imagine when you raise an NEC compensation event, the CE PMI, CE notification & QTE PMI are autogenerated and communicated to the relevant party in one click - AND automatically linked through 'associations' in the system... There's a lot more to list, that's for sure, but it makes things a lot easier for you right? How we reduce contractual risk and streamline contracts ultimately saves you time, money & stress (don't ignore this one!) Is anyone currently taking that leap to NEC? Maybe it's your first time with FIDIC contracts? 🤔 #NEC #FIDIC #Contracts #ContractManagement #Thinkproject
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Looking for guidance on the contract closeout process? ✏️ Join the office hours session, August 8, 2024 @ 1 - 2 PM ET. Help limit the government’s exposure to risks, and learn about the resources available to the contracting community to ensure proper and timely close out. https://lnkd.in/ekaFgc9f #contractcloseouts #closeoutprocess #contracts
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Letter Subcontracts, also known as Undefinitized Contract Actions (UCAs), are a mechanism to authorize a subcontractor to immediately begin performing services before the price and terms and conditions of the contract can be negotiated and agreed upon. Letter subcontracts are used when the work needs to immediately begin due to prime contract schedule demands and there isn’t sufficient time to agree on the final terms and conditions including price. There are advantages and disadvantages to both the prime contractor and subcontractor when utilizing the Letter Subcontract to begin work. Dyer Wolf Consulting has extensive experience in planning and executing multiple Letter Subcontracts and can provide the necessary due diligence and guidance on Letter Subcontracts to allow for sound decision making by defense manufacturers. Dyer Wolf Consulting can help manufacturers understand the language and responsibilities associated with the Letter Subcontract and ensure a smooth transition into a finalized purchase order. When using Dyer Wolf Consulting, companies will have a dedicated proposal development resource who will assist the subcontractor on understanding RFP requirements and ensure a on time quality proposal submission that will maximize the company’s bottom line! Please contact Dyer Wolf Consulting if we can be of service! Stay Hungry! 😀 #dyerwolfconsulting #compliance #defensecontracting #proposalmanager
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